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Exercise 10-17 Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10-4, 10-5, 10-8) [The following information applies to the questions displayed below.] On January

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Exercise 10-17 Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10-4, 10-5, 10-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Issue an additional 2,180 shares of $1 par value common stock for $42,088. January 9 Provide services to customers on account, $16,780. January 10 Purchase additional supplies on account, $5,690. January 12 Purchase 1,080 shares of treasury stock for $20 per share, January 15 Pay cash on accounts payable, \$17,200. January 21 Provide services to customers for cash, $49,800. January 22 Receive cash on accounts receivable, $17,300. January 29 Declare a cash dividend of $0.28 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 17, 08 shares outstanding on January 1,2021 , and dividends are not paid on treasury stock.) January 30 Resell 800 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, 542,700. GRAND FINALE FIREWORKS Adjusted Trial Balance January 31, 2021 Accounts

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